Sonnedix closed a long term non recourse debt facility for its first photovoltaic project in Spain

27 October 2010

Sonnedix announced that on August 13th, 2010 one of its subsidiaries closed a long-term non-recourse debt facility for its first photovoltaic project built in Spain, located in Pinos Puente, near Granada. The project, which has a total installed capacity of approximately 1 MW and was commissioned in the second quarter of the year, was built by Assyce Fotovoltaica, S.L. and was financed by Triodos Bank Spain. ” We are pleased to announce the deployment and financing of our first project in Spain despite the challenging situation of the market ” said Andreas Mustad, CEO of Sonnedix Solar.

I’d put my money on the Sun and Solar Energy, what a source of Power! I hope we don’t have to wait until oil and coal run out, before we tackle that.

Thomas Edison in conversation with Henry Ford and Harvey Firestone, 1931